Enersys $ENS Stock Holdings Lifted by Hsbc Holdings PLC

Key Points

• HSBC Holdings increased its Enersys stake by 80.1% in the second quarter, owning 72,021 shares valued at approximately $16.9 million. Institutional investors collectively own 94.93% of ENS stock.
• Enersys reported quarterly earnings of $3.66 per share, beating estimates of $2.83, while revenue rose 4.8% year over year to $935.64 million.
• The company raised its quarterly dividend to $0.2875 per share, representing a 0.6% annualized yield. Analysts maintain a consensus “Buy” rating with a $265 price target.

Hsbc Holdings PLC grew its position in Enersys (NYSE:ENS - Free Report) by 80.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,021 shares of the industrial products company's stock after purchasing an additional 32,034 shares during the period. Hsbc Holdings PLC owned about 0.20% of Enersys worth $16,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. United Services Automobile Association acquired a new position in Enersys in the first quarter worth approximately $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Enersys by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company's stock worth $10,419,000 after acquiring an additional 9,737 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Enersys during the 2nd quarter worth $4,623,000. EverSource Wealth Advisors LLC lifted its stake in shares of Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 476 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Enersys in the second quarter worth about $460,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Stock Performance

NYSE:ENS opened at $180.78 on Wednesday. The firm's 50-day moving average is $193.38 and its 200-day moving average is $198.52. Enersys has a 52-week low of $103.03 and a 52-week high of $244.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.90 and a beta of 1.21.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million during the quarter, compared to analysts' expectations of $928.01 million. During the same quarter last year, the company earned $2.08 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Equities research analysts anticipate that Enersys will post 13.41 earnings per share for the current year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.2875 per share. This is a boost from Enersys's previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 18th. Enersys's dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ENS shares. Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 14th. BTIG Research restated a "buy" rating and issued a $280.00 price objective on shares of Enersys in a research note on Thursday, August 13th. Weiss Ratings lowered shares of Enersys from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded Enersys from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, Enersys has a consensus rating of "Buy" and a consensus target price of $265.00.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.

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